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MegadealsSubsidy Tracker Individual Entry
Company: Great Southern Wood - LA, Inc.
Parent Company:
Subsidy Source: state
Location: Louisiana
City: Mansura
County: Avoyelles
Address: 334 Elder Wood Road
Zip: 71350
NAICS Industry Code: 321912
Project Description: Over the past few years, Great Southern Wood LA, Inc. has been growing its remanufacturing operation to the point that that requires an optimization. As part of this optimization and ability to enable further growth, the operation will be moved into a preexisting, adjacent building on the existing property. This existing building is 29,634 SQ.FT and will require upgrade work to accommodate the existing and new equipment. This upgrade work will include new electrical service, controls, manufacturing equipment, conveying, fire suppression, and dust filtration/collection system. The new equipment, layout, and electrical infrastructure utilize an engineered control design with a safety-first mindset including the IIOT (Industrial Internet of Things). These systems will incorporate energy efficient smart systems including VFD drives. Automation will be incorporated in specific areas to further improve safety, ergonomics, and productivity. The new equipment includes three (3) trim saws, one (1) grinder, one (1) moulder, and several pieces of automation, including robotics.
Year: 2023
Subsidy Value: $269,440
Program Name: Industrial Tax Exemption
Awarding Agency: Commerce & Industry Board
Type of Subsidy: property tax abatement
Number of Jobs or Training Slots: 25
Wage Data: $1,100,000
Wage Data Type: Estimated New Payroll
Capital Investment: $6,983,916
Source of Data:
(click here)
Notes: Year is Application Board Approval Date. Subsidy is the Estimated First Year Exemption multiplied by 5 (the number of subsidy years). Jobs figure is number of new positions. Investment data is the sum of Estimated Building And Material, Estimated Machinery and Equipment, and Estimated Labor And Engineering which equal the Total Estimated Investment. The subsidy can be renewed for additional 5 years. Search for possible associated entries.
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